Cash equity clearing to commence by LCH on SIGMA X MTF at the start of July.
Leading multi-asset class Clearing House LCH Ltd announced today that it will begin clearing on Goldman Sachs' SIGMA X MTF starting in July this year, which will enable LCH’s EquityClear service to offer clearing across 17 inter-operable equities trading venues within Europe, as per a company statement regarding the plans.
Goldman Sachs’ Head of Market Structure for EMEA Equities, David Shrimpton - who previously served as COO for SIGMA X MTF - commented in the announcement: “We continue to enhance SIGMA X MTF to meet the future needs of our clients and trading participants as the equities trading model evolves ahead of MiFID II implementation."
Mr. Shrimpton added: "Interoperability is a key part of the post-trade market infrastructure and we’re pleased to offer a choice of CCPs for SIGMA X MTF."
As a result of the planned expansion, users of multiple trading venues will be able to concentrate their trading activity through one clearing house, which LCH highlighted in its announcement regarding the news.
Cécile Nagel, Global Head of Equities and Commodities at LCH, added in the company statement: “This is a real milestone for EquityClear. We’re proud to be clearing for SIGMA X MTF and this latest addition builds on the significant extension of market and venue coverage we’ve achieved in the past 18 months."
Mrs. Nagel added: "Open access is at the heart of LCH’s business model and our equities clearing members can benefit from further cost and operational efficiency as well as improved Risk Management by consolidating their activity into one CCP.”
Year-over-year, LCH saw an uptick as 30% of its volumes increased compared to Q1 2015, and the increase was partly attributed to a trend of clearing members consolidating their cash equities clearing through a single central counterparty (CCP) – in addition to recent venues that were added which helped lift volumes during Q1 2016.
Leading multi-asset class Clearing House LCH Ltd announced today that it will begin clearing on Goldman Sachs' SIGMA X MTF starting in July this year, which will enable LCH’s EquityClear service to offer clearing across 17 inter-operable equities trading venues within Europe, as per a company statement regarding the plans.
Goldman Sachs’ Head of Market Structure for EMEA Equities, David Shrimpton - who previously served as COO for SIGMA X MTF - commented in the announcement: “We continue to enhance SIGMA X MTF to meet the future needs of our clients and trading participants as the equities trading model evolves ahead of MiFID II implementation."
Mr. Shrimpton added: "Interoperability is a key part of the post-trade market infrastructure and we’re pleased to offer a choice of CCPs for SIGMA X MTF."
As a result of the planned expansion, users of multiple trading venues will be able to concentrate their trading activity through one clearing house, which LCH highlighted in its announcement regarding the news.
Cécile Nagel, Global Head of Equities and Commodities at LCH, added in the company statement: “This is a real milestone for EquityClear. We’re proud to be clearing for SIGMA X MTF and this latest addition builds on the significant extension of market and venue coverage we’ve achieved in the past 18 months."
Mrs. Nagel added: "Open access is at the heart of LCH’s business model and our equities clearing members can benefit from further cost and operational efficiency as well as improved Risk Management by consolidating their activity into one CCP.”
Year-over-year, LCH saw an uptick as 30% of its volumes increased compared to Q1 2015, and the increase was partly attributed to a trend of clearing members consolidating their cash equities clearing through a single central counterparty (CCP) – in addition to recent venues that were added which helped lift volumes during Q1 2016.
FX Volatility Impacts Q1 Revenue of Compagnie Financière Tradition
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
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#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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